Information for Business Borrowers

Program Overview for Borrowers

Potential borrowers can familiarize themselves with the program overview, review eligibility in the program term sheets, and speak to an eligible lender about applying for program loans.

How it works

Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The lender will determine whether a business is approved for a loan. The Fed will participate in the lending by purchasing a 95% interest in the loan. The lender retains 5% of the loan.

Listing of Lenders Accepting New Customers

Borrowers can view a state-by-state listing of lenders participating in the Main Street Lending Program who are currently accepting applications from new customers by viewing the interactive map located below.

This list reflects a subset of the lenders participating in the Main Street Lending Program—specifically, lenders registered for the program who are accepting applications from new customers, in addition to existing ones; and also elect to be listed.

Registered lenders wishing to be added to the lender list or change their status can contact MSLP@bos.frb.org for such requests.

The listing will be updated regularly as additional lenders who are accepting applications from new customers complete the registration process for the Main Street program. Borrowers are encouraged to inquire about Main Street loans with their existing financial institution as well as those on the list.

It is important to note that lenders will assess a borrower for a Main Street loan based on meeting the terms of the program and also the lenders’ own underwriting standards, as part of evaluating financial condition and creditworthiness. Lenders’ loan approvals are contingent on those factors.

Other resources

The Main Street program aims to assist businesses that employ a major share of the American workforce. For smaller businesses, in addition to reviewing the Main Street Lending Program materials, it may be useful to consult the Small Business Administration’s Coronavirus Small Business Guidance & Loan Resources and the Treasury’s Community Development Financial Institutions Fund - Tools and Resources, which has a list of current certified CDFIs, many of which make loans to small businesses and provide technical assistance.*

*Please note, information about these lenders is provided as a convenience and for informational purposes only. This does not constitute an endorsement or an approval by the Federal Reserve Bank of Boston or Federal Reserve System.

Resources

Frequently Asked Questions (FAQs) for Business Lending

Questions and answers providing more information on the program

Terms & Conditions

Information on eligibility and terms

Events

Contacts

General Inquiries (Not for Document Submission)

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